FDIC MAKES PUBLIC NOVEMBER ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED

FOR IMMEDIATE RELEASE PR-135-2002 (12-31-2002)

Media Contact:David Barr (202) 898-6992

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. One administrative hearing is scheduled for January 2003.

The FDIC processed a total of 12 orders in November. These included two cease-and-desist orders, three removal and prohibition orders, three civil money penalty orders, one modification of a cease-and-desist order, and three terminations of cease-and-desist orders.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 877-ASK-FDIC). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,415 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars-insured financial institutions fund its operations.